Market Analysis Report

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index closed at 2,268.27 yesterday at 5 pm (GMT) and has since risen 3.96%.

See the live index here

Market Update

Yesterday, EOS price performed really well and climbed above the $4.00 barrier at 00:00 UTC. In the last 24 hours, the EOS price has risen 3.56% over the past 24 hours and is currently sitting at $4.27, with over $30M worth of Ether exchanged in the past 24 hours on the EOS/USD pair which has a 2.5% market share of the daily trading volume. The largest EOS trading pair was the EOS/USDT with a 39.4% share.

At the time of writing, the Bitcoin price is sitting at $4,032 representing a gain of 0.74% in the last 24 hours. More than $125M worth of BTC were exchanged in the BTC/USD market representing a 9.7% share of the global daily volume. The pair with most volume was the BTC/USDT with a 76.7% share.

See live charts here and here

Huobi DM Is Launching XRP Futures Contracts

Yesterday, cryptocurrency exchange Huobi Global announced that its contract trading platform, Huobi Derivative Market ("Huobi DM"), will be launching XRP futures contracts on March 29th. Huobi DM was launched on 28 November 2018, and at the time the company said that being able to sell cryptocurrencies "at predetermined prices at specified times in the future" gives "investors and traders the ability to open both short and long positions, as well as more advanced tools for hedging positions and controlling risk and uncertainty." Joshua Goodbody, General Counsel of Huobi's Global Institutional team, stated:

"Cryptocurrency is a rapidly expanding and maturing market. As part of that maturation, we see more and more sophisticated investors and traders from more established financial markets looking to gain exposure, including institutional players. At the same time, we think many experienced, successful cryptocurrency traders are looking for a broader range of investment tools than has traditionally been available. Huobi DM is tailor-made to address these sorts of needs."

Read more here

London Metal Exchange Backs Plan to Track Physical Metals With Blockchain

The London Metal Exchange (LME), which boasts the world’s largest market for metal derivatives, is said to be supporting an initiative to track physical metals using blockchain. A Financial Times report on Tuesday citing “people familiar with the effort” said that the LME has backed a consortium initiative led by commodity trading firm Mercuria, to build a blockchain-based system to track the trade of physical metals such as copper, zinc and aluminium. The initiative, dubbed “Forcefield,” is also supported by banks such as Macquarie and ING, according to the report. LME chief executive Matt Chamberlain said:

“[In a blockchain-based system] you know where your metal is, you have proof of your metal, but nobody can see what your metal is and where your metal is.”

Read more here

Kraken Ramps Up Security With Enforced 2FA and Dedicated Lab

Cryptocurrency exchange Kraken has introduced two new initiatives, aimed at improving client security experience. Kraken’s recently appointed chief security officer Nicholas Percoco announced in a blog post on Tuesday that the exchange has launched enforced two-factor authentication (2FA) and a dedicated security lab.

The officer further said that Kraken will keep coming up with other client-facing security enhancement features in the near future. The exchange’s product management team is going to provide “constant improvement into 2020 and beyond” through its security features roadmap. Kraken's Chief Security Officer, Nicholas Percoco, stated:

“While this roadmap is not made public, you’ll be hearing about security enhancements and upgrades as they are released and made available to you. Like most features similar to 2FA, you’ll need to enable them to take advantage of the added security, so please be sure to take action when you’re prompted to.”

Read more here

Bitech - How to Buy a Mining Contract

If you are looking for a much simpler, cheaper and more flexible mining solution than mining rigs, cloud mining is for you. Bitech Cloud Mining is a company that is committed to offering users the most advantageous cloud mining contracts on the market. The company explains that it is able to get such low prices thanks to very advantageous electrical agreements, but also thanks to Bitech Mining and their expertise in mining machines - allowing the company to stock machines at the best prices.

So the headache of maintaining your machine, the noise and heat management is over. The solution is hyper-optimized and can be used in 5 clicks with the expertise of the Bitech group at the most competitive prices in the world.

Bitech is a European group expert in cryptocurrency mining and among the leaders in the French mining market. Over time, the Bitech group has proven their expertise in mining with Bitech Mining (bitech-mining.com) and nowadays they have on offer one of the widest and most profitable range of miners in the world. They also supported major farm projects around the world.

Read more here